Solana crypto is a high throughput blockchain based on the Proof of History (PoH) and Proof of Stake (PoS) consensus. Built by a team of networking engineers, Solana aims to become the blockchain infrastucture for modern internet applications.
Dogecoin is a cryptocurrency based on the popular "Doge" Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
The deputy prime minister announced on Twitter the new directions for donations on DOGE and SOL and tagged Musk and the founder of Dogecoin. Meanwhile, cryptocurrencies to Ukraine are approaching $60 million.
The Ukrainian government continues to expand its cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. fundraising efforts, this time adding two digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies to its roster, including the popular doggy memecoin, Dogecoin (DOGE).
Ukraine’s Deputy Prime Minister Mykhailo Fedorov announced the initiative via his official Twitter account an account is essentially a whose purpose is to track the financial activities of a specific asset/ on Wednesday. In the tweet Fedorov unveiled the address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. for donations at DOGE and invited billionaire and cryptocurrency fanatic Elon Musk and the founder of Dogecoin Billy Markus, to contribute funds.
Dogecoin surpassed the value of the Russian ruble. We started accepting donations in meme currency. Now even memes can help our military and save lives from Russian invaders. DOGE owners of the world, Elon Musk, Billy Markus, let’s do it.
@dogecoin exceeded Russian ruble in value. We start to accept donations in meme coin. Now even meme can support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. our army and save lives from Russian invaders. $DOGE owners of the world, @elonmusk , @BillyM2k , let’s do it. Official$DOGE wallet: DS76K9uJJzQjCFvAbpPGtFerp1qkJoeLwL
– Mykhailo Fedorov (@FedorovMykhailo) March 2, 2022
The announcement came just a day after Fedorov, who is also Ukraine’s minister of Digital Transformation, made it known that thegobierno también estaba aceptando donaciones en Solana (SOL) . The official shared the address for donations on SOL in a tweet on Tuesday, in which she also thanked theFundación Solana por crear una iniciativa para apoyar al país.
Ukraine harnesses cryptocurrencies amid war with Russia
The Ukrainian government began accepting cryptocurrencies as a means of donation on Feb. 26, when Russian troops entered Ukrainian territory in a “ special military operation “. Initially, addresses were released to send donations from Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. y Ethereum a decentralized open-source blockchain with smart contracts functionality. But the government has been expanding the list as the digital asset community has expressed its commitment to support the country with various cryptos.
Last week, the founder of Polkadot Gavin Wood had urged the government to accept DOT, his project’s cryptocurrency, with the intention of making a generous donation of $5 million. The official Twitter account of the Ukrainian government opted to list the asset on March 1. The announcement was followed by a Wood’s donation of nearly $6 million .
Other prominent figures and companies in the crypto space have also extended a hand to Ukraine.Binance donated USD $10 million in cryptocurrencies and industry leaders Sam Bankman-Fried and Deepak Thapliyal have also contributed large sums.
Companies in the industry have not only provided monetary support to the country. For example, the decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. exchange (DEX), Uniswap , created an interface that allows users to exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. any ERC-20 tokens designed and used solely on the Ethereum platform. token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. for any other ERC-20 token. Ethereum and donate it to the government in a single transaction, in an effort to facilitate retribution to Ukraine. The country has been grateful for these initiatives. Fedorov himself took to Twitter to express his gratitude to Uniswap .
The people of @Ukraine are grateful to @uniswap for their new “donate to Ukraine” feature which automatically exchanges any of their listed tokens to ETH for us. Could @uniswap put it on your home page to help direct more of the crypto community to assist? https://t.co/w8accgNZi8
– Mykhailo Fedorov (@FedorovMykhailo) March 2, 2022
Cryptocurrencies to Ukraine have been steadily increasing since Russian troops invaded the country last week, and have even sent non-fungible tokens (NFT) to the government. More recently they shot up sharply after the government announced an “airdrop” (free distribution of tokens ) for those who have donated in cryptocurrencies.
As reported by DiarioBitcoin The Ukrainian government, and NGOs providing support to the country’s armed forces, have raised almost USD $60 million in cryptocurrencies according to updated data fromSlow Mist.
The government of the nation under attack has been using the funds in digital currencies to purchase military equipment and supplies for civilians, including food and gas, he said. Michael Chobanian, founder of the Ukrainian crypto-exchange Since and who has been helping the Ministry of Digital Transformation manage the donations.
- Crypto donations to Ukraine reach USD $50 million and a NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. after government airdrop a marketing campaign that distributes a specific cryptocurrency or token to an audience. announcement
- See what Localbitcoins and Airbnb are proposing to help Ukraine
- Visa, Mastercard block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. Russian banks from their payment networks in response to sanctions
Article by Hannah Estefania Perez / DiarioBitcoin
Image from Unsplash edited in Canva